Global sovereign debt is not Asia's concern

In a world of deficient demand, Asia continues to fend off the fallout from the global sovereign debt crisis, participants in a panel discussion say.

As the rest of the world picks up the pieces from the global sovereign debt crisis, Asia seems to be weathering the fallout. On a country-by-country comparison, Asia's top dogs India and China are growing despite the stagnant US economy and the shrinking peripheral European states. And, for the time being, the healthy economic performance in Asia does not appear to be slowing.

Asia is in a strong position to weather another wave of economic slowdown, said Elena Okorotchenko,...